BirchStreet Systems Acquires AccuBar

NEWPORT BEACH, CA – September 13, 2016 – BirchStreet Systems, the leading cloud based procure-to-pay technology provider for the hospitality industry, announced its acquisition of AccuBar, a leading cloud based, mobile enabled beverage inventory software solution provider. This combination unites the best-in-class technologies, people and expertise serving the hospitality, bar and restaurant industries.

“We are thrilled to welcome AccuBar’s team and their customers to BirchStreet. AccuBar shares our vision of innovation in creating better processes to enhance our customer’s profitability and efficiency,” stated Sushil Garg, CEO of BirchStreet. “By combining our solution sets, both BirchStreet and AccuBar customers will have access to a broader set of options and functionality.”

AccuBar’s customers will now have access to an end-to-end solution from inventory to automatic ordering and replenishment. The patented AccuBar beverage inventory, digital menus and barcode scanning technology will add a new breadth and depth of functionality to BirchStreet’s procure-to-pay (P2P) platform. Like BirchStreet, AccuBar has over 15 years of experience serving the hospitality, restaurant, casino and club industries.

The AccuBar team will join BirchStreet as valuable and key employees who will continue to drive BirchStreet’s P2P products and services. “We are bringing together the best-of-breed beverage and food technologies. This will provide greater value to the industry as we move forward,” stated Dan Grimm, President of AccuBar.

Customers responded enthusiastically to the integration of BirchStreet and AccuBar. “Combining the best procure-to-pay automation system with AccuBar’s innovative beverage management system is an ideal situation for our hotel operations,” said Linda Gandel, Director of Procurement & Corporate Standards at Scout Hotel & Resort Management. “Integrating both technologies will not only increase our profit margins, it will further drive savings and efficiencies. We will have additional visibility into F&B sales and increase key inventory metrics.”

“Using BirchStreet and AccuBar, the Balboa Bay Club processes have gained efficiencies that have impacted our bottom line. Now that they are coming together, it will be even easier to take advantage of their benefits. As the market leader, we recommend other hotels and restaurants to take a look,” stated Danette Perrotta, Director of Finance at Balboa Bay Club.

About BirchStreet Systems, Inc.

BirchStreet Systems, Inc. provides global enterprises with a complete procure-to-pay business solution deploying a SaaS model using cloud technology. BirchStreet software focuses on improving business processes by automating eProcurement, AP Automation, Inventory Control, Recipe Management System, Capital Projects and Executive Dashboard modules. Thousands of businesses in over 100 countries currently subscribe to BirchStreet to connect and do business with a network of more than 345,000 suppliers. Established in 2002, BirchStreet is privately held and is headquartered in Newport Beach, California with offices in Denver, China, Singapore and India. For more information, please visit www.birchstreet.net.

About AccuBar

AccuBar has been a leader in cloud-based beverage inventory management for the hospitality industry since 2001. The patented system offers a variety of barcode scanning options that feed into a cloud-based database to give users fast, accurate inventory, receiving, transfers, event management, perpetual inventory and ordering, as well as a suite of reports that drive loss prevention and accountability. AccuBar has hundreds of customers, including some of the biggest names in the hotel, restaurant, bar, nightclub, resort and country club sectors. The system also offers iWineLists, a tablet beverage menu that works with AccuBar to display wine lists and other beverage lists. iWineLists has been adopted by leading restaurants, hotels and country clubs across North America and beyond.